digital lending

One-click debt-trap: How product design fuels predatory lending in Nigerian fintech

Micheal Orji, a construction engineer in Lagos, is used to receiving sizable payments from clients. He gets alerts on his…

1 week ago

The empathetic debt collector: Day 1-1000 of DebtRecuva

When people think about debt recovery and debt collection in the Nigerian context, the image that comes to mind is…

2 months ago

Exclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion

Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well.…

1 year ago

Credit Direct, the digital lender with ₦4bn in 2023 profits wants a bigger piece of the pie

Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan…

2 years ago

Tanzania targets predatory loans: Central Bank excludes unlicensed apps

Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to…

2 years ago

Who calls the shots at Sycamore?

Sycamore, a Nigerian fintech startup, offers loans for individuals and businesses, including salary and business loans. It also enables users…

2 years ago

Crackdown on unlicensed companies cuts digital creditors in Kenya to 51

Before consumer protection laws were passed, any lender could run a digital credit business. Kenya has approved the operation of…

2 years ago